In January 2019, the Trump administration imposed sanctions on Venezuela’s oil shipping sector in an ongoing bid to force President Nicol├ís Maduro from power. The sanctions deepened Venezuela’s already severe humanitarian crisis leading to runaway inflation and widespread fuel shortages. But the beleaguered nation can somewhat now breathe a sigh of relief after maritime intelligence firm Lloyd’s List reported that an Aframax tanker has loaded a third crude cargo destined for China via a ship-to-ship transfer five months after being sanctioned in June by the U.S. administration for shipping Venezuelan oil. The tanker was one of six, mostly Greek-owned vessels carrying Venezuela’s crude that were targeted by the U.S. in a shock move. The Aframax vessel, owned by Greece’s Eurotankers of the Gotsis-family, received an 80,000-90,000 tonnes cargo of Venezuelan crude via ship-to-ship transfer from a Suezmax tanker on November 30 in waters off the Sungai Linggi. Back in […]